Turkish rebar offers to Egypt

SteelOrbis has learned from market sources that Turkish mills' rebar offers to the Egyptian market are now standing at $660/mt CFR on actual weight basis for prompt shipments, increasing by $10/mt as compared to last week.
 
However, having obtained a certain degree of relief in terms of supplies with the arrival of some rebar cargoes this week, Egyptian buyers are now resisting the new price levels and are abstaining from purchases. Buyers are also waiting for local producer EZZ Steel to announce its domestic price for December, though local demand is currently considered to be at good levels.